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ICE GASOIL: (U17) Bears Need Close........>

OIL TECHS
OIL TECHS: ICE GASOIL: (U17) Bears Need Close Below 200-DMA
*RES 4: $494.75 - High Aug 1 
*RES 3: $492.75 - High Aug 3 
*RES 2: $489.25 - High Aug 4 
*RES 1: $485.00 - Hourly resistance Aug 7
*PRICE: $482.25 @ 0430GMT
*SUP 1: $477.50 - Low Aug 7 
*SUP 2: $475.45 - 200-DMA 
*SUP 3: $471.25 - Low July 27 
*SUP 4: $466.17 - 21-DMA
*COMMENTARY: The $494.75-501.75 resistance region remains key. Bulls need a
close above $494.75 to ease pressure on the 200-DMA and above $501.75 to
reconfirm a bullish bias and target $508.50-532.25. The close below $484.50 saw
bears gain breathing room but a close below the 200-DMA is needed to hint at a
move back to $458.58-466.17 where 21 & 100-DMAs are noted.

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